Market Report
Newport Coast, CA 92657
Single-Family Homes
Chartwell Escrow
Newport Coast, CA 92657
Sat Dec 21 2024
This week the median list price for Newport Coast, CA 92657 is $14,200,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has increased to 38.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $14,200,000 | |
| Median Price of New Listings | $11,995,000 | |
| Per Square Foot | $2,119 | |
| Average Days on Market | 151 | |
| Median Days on Market | 95 | |
| Price Decreased | 26% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 38 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $36,925,000 | 13,787 | 0.5 - 1 acre | 7 | 9.5 | 14 | 0 | 0 | 238 |
| $19,800,000 | 8,176 | 0.25 - 0.5 acre | 5 | 6 | 21 | 2 | 1 | 91 |
| $9,745,000 | 4,781 | 0.25 - 0.5 acre | 5 | 4.8 | 19 | 2 | 1 | 87 |
| $6,074,999 | 3,931 | 6,500 - 8,000 sqft | 4 | 4 | 24 | 1 | 2 | 73 |